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Route 1 Marketplace Sublease Opportunity 212-216 Newbury St 13,065 SF of Retail Space Available in Peabody, MA 01960
Sublease Highlights
- The property offers immediate occupancy within a regional retail corridor along Route 1.
- Direct access to Route 1 with convenient connectivity to Route 128 and Interstate 95 supports customer and employee accessibility.
- The location benefits from approximately 50,343 vehicles per day along Route 1.
- Pylon and storefront signage opportunities provide visibility to passing traffic.
- Multiple uses are permitted under BR1 Regional Business 1 zoning.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 13,065 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
This retail sublease opportunity at 216 Newbury Street offers immediate occupancy within one of the North Shore's most established commercial corridors. Positioned directly along Route 1 in Peabody, the property benefits from exceptional visibility and accessibility, with convenient connections to Route 128 and Interstate 95, providing regional access throughout Greater Boston and the surrounding North Shore communities
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Inline space next door to Surge and Focused Hyrox
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Route 1 Marketplace Sublease Opportunity
- Tenant
- Description
- US Locations
- Reach
- Bradford Floor & Home
- Floor Covering
- 1
- Local
- CrossFit
- Fitness
- 6,211
- International
- Focused CrossFit
- Fitness
- 1
- Local
- Mass Bay Hockey Center
- Fitness
- 1
- Local
- Surge Ninja Gym
- Other Retail
- 2
- Local
- The Granite Group
- -
- 1
- -
| Tenant | Description | US Locations | Reach |
| Bradford Floor & Home | Floor Covering | 1 | Local |
| CrossFit | Fitness | 6,211 | International |
| Focused CrossFit | Fitness | 1 | Local |
| Mass Bay Hockey Center | Fitness | 1 | Local |
| Surge Ninja Gym | Other Retail | 2 | Local |
| The Granite Group | - | 1 | - |
Property Facts
| Total Space Available | 13,065 SF | Total Land Area | 7.50 AC |
| Property Type | Retail | Year Built/Renovated | 1968/2007 |
| Property Subtype | Freestanding | Parking Ratio | 4.36/1,000 SF |
| Gross Leasable Area | 70,000 SF |
| Total Space Available | 13,065 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 70,000 SF |
| Total Land Area | 7.50 AC |
| Year Built/Renovated | 1968/2007 |
| Parking Ratio | 4.36/1,000 SF |
About the Property
This retail sublease opportunity at 216 Newbury Street offers immediate occupancy within one of the North Shore's most established commercial corridors. Positioned directly along Route 1 in Peabody, the property benefits from exceptional visibility and accessibility, with convenient connections to Route 128 and Interstate 95, providing regional access throughout Greater Boston and the surrounding North Shore communities. The center is occupied by a complementary mix of established co-tenants, including Bradford Floor & Home, Focused Gainz, Mass Bay Hockey Center, Surge Ninja Gym, and Revival Church, creating consistent activity at the property and contributing to customer awareness. Multiple uses are permitted under the BR1 Regional Business 1 zoning designation, offering flexibility for a variety of retail, service, fitness, showroom, recreation, or specialty commercial users. With immediate availability, prominent roadway exposure, and access to the region's major transportation network, the property presents an opportunity for tenants seeking a visible location within a well-established retail corridor **FOR MORE INFORMATION CONTACT** MIKE HOTAREK (mhotarek@easternretail.com) JOE MORRISON (jmorrison@easternretail.com)
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
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Route 1 Marketplace Sublease Opportunity | 212-216 Newbury St
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